Stock market update: NBFCs trade mixed; Magma Fincorp, DHFL surge

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of non-banking financial companies (NBFCs) were trading mixed in Wednesday's session
Shares of GCM Capital Advisors (up 20 per cent), HB Portfolio (up 17.81 per cent) and Ganges Securities (up 17.41 per cent) surged up to 20
per cent in the NBFC space. Williamson Magor Company (up 13.06 per cent), Magma Fincorp (up 12.93 per cent), Centrum Capital (up 12.86 per
cent), Joindre Capital Serivces (up 12.10 per cent) and AIIL (up 10.74 per cent) jumped over 10 per cent. Shares of Florence Investech (up
9.63 per cent), Edelweiss Financial Services (up 9.26 per cent), Viji Finance (up 8.94 per cent), Shriram Transport Finance (up 8.85 per
cent), Muthoot Finance (up 8.29 per cent), DHFL (up 8.12 per cent) and BF Investment (up 7.98 per cent) too clocked decent gains. On the
flip side, Golden Goenka Fincorp (down 12.50 per cent) and Arman Financial Services (down 11.87 per cent) plunged over 10 per cent. Swastika
Investmart (down 8.09 per cent), Comfort Fincap (down 5.92 per cent), Comfort Intech (down 5.80 per cent) and Capital Trust (down 5.20 per
cent) declined over 5 per cent. Indiabulls Ventures (down 4.99 per cent), Alexander Stamps Coin (down 4.99 per cent), Niyogin Fintech (down
4.96 per cent), Libord Securities (down 4.95 per cent), Apollo Finvest (India) (down 4.95 per cent), ILFS Investment Managers (down 4.94 per
cent), Capital India (down 4.92 per cent), Crescent Leasing (down 4.87 per cent) and Thirani Projects (down 4.87 per cent) fell up to 5 per
cent
The NSE Nifty50 index was trading 99 points up at 10,400 at 10:32 am
The 30-share BSE Sensex was up 274 points at 34,573 at the same time
Bajaj Finance, Bajaj Finserv, Titan Company, Vedanta, Maruti Suzuki India, Zee Entertainment and Eicher Motors were among the top
heavyweight gainers.